DOW & Nasdaq RELIEF thread

[stupidzbu]

:banghead:

it's funny to think that exactly 52 weeks ago my portfolio was at $13,000 roughly.. give or take a few hundred $$s..

and now.. 52 weeks lates.. it's down to $2500!!

there goes my school money :bawl:

lets see .. if the market has done a 1600 point drop in the last 10 trading days...

does that mean that at this rate... we have 30 some days of the dow having any REAL value?!
:eek3:

the dow MUST go up SOMETIME... you know... cause if it doesn't.. we are all doomed economically... right..

but how long do you think that will take?!? 4 years a new president 'not the goof ball daddy's puppet' we have now?!

thoughts? anyone else on this board have as big of a loss as me?? (or possibly bigger?!)

[Nanotech9]

Originally posted by stupidzbu
:banghead:

thoughts? anyone else on this board have as big of an ass as me?? (or possibly bigger?!)

nope, you've got the biggest! :P

[stupidzbu]

i'm curious... do you have investments in nano-companies?

i was having this discussion with my stock buddies (not the ones that are online.. REAL LIFE PEOPLE!)....

and we came to the conclusion that nano's are the next companies to do the 10,000% increases in the next decade...

if you bought $10,000 of AOL in 92.. you would have roughly 23 million right now..... sorta jump..

we figured that ... nano is the next HUGE way for medical to go.. but it is in the prelims now.. so an investment now is GOOD no matter what the price...
there are only a handful of stocks any how.. nanx, nano, ngen, and naph.... so.. what we are doing is pumping money into all of them...

we think that ONE of them will most PROBABLY come out with the technology first... and the others by default will go up because of that... so .. if hit all of them NOW.. when they are dirt cheap... then.. who knows.. we might be millionares in 5-10 years!

[Nanotech9]

huh?

it's a freekin' CS/Q3/IRC handle... what the h-e- doubble "L" are you talking about? did you even get my "witty" comment? - then you should re-read the part where i quoted you.

and yes, i do own stocks, not many but some. mostly in the company i work for, and the rest is mutual funds.

[jase71]

Well, hopefully the Nasdaq will perk up at least a little here soon.

If it doesn't, I'm gonna be 97 years old, behind
a McDonald's counter, and asking everyone I see if they want fries with that.

A plot of my 401K performance would make a damn nice ski hill. (and no, it's not all in the Nasdaq. That's just the most painful part of the portfolio).

[stupidzbu]

Originally posted by Nanotech9
huh?

did you even get my "witty" comment? - then you should re-read the part where i quoted you.


i dunno.. i just thought that you might be a nano-freak ... hehehe.. handles usually come from SOMEWHERE...

take mine.. i was making an AOL SN about 8 years ago... trying to spell STUPIDBOY... fingers slip.. not i'm STUPIDZBU!


HAHAHAHHAHAAH!! i just re-read!! WOW! school is screwing with my mind!! HAHAHHAHAHA

i probably DO have the biggest ass on this board!!!!!

[Loosah]

Originally posted by stupidzbu
:banghead:

anyone else on this board have as big of a loss as me?? (or possibly bigger?!)

Yes, if it makes you feel better. I have lost more than you, on paper at least. I have not sold and don't plan to for a long time.

And yes, if things continue like this we will have bigger worries than the value of our portfolios.

I am off to gobble a fist full of Prozac now....

[speedracer120]

Not to make you guys feel bad or anything, but this is one time in my life that I'm glad I have nothing in the market. I used to have a small amount in mutual funds but I pulled that out a long time ago.

I'm thinking bottom feeders will start to buy in a week or two and your precious portfolios will be back up in about three months, hopefully. Man I wish I had extra cash to buy some index funds.

[helius]

Originally posted by stupidzbu
the dow MUST go up SOMETIME... you know... cause if it doesn't.. we are all doomed economically... right..

Historically that's always been true, although it might take a year or two. Since you're still in high school... just think of it as long-term investment.




but how long do you think that will take?!? 4 years a new president 'not the goof ball daddy's puppet' we have now?!


There's not been any major fiscal whatnots that Bush has been directly responsible for. I wouldn't be so quick to make sweeping statements about how badly he'd mess up the financial markets. (No, I'm not a Bush supporter. I just believe in giving people the chance to prove that they're idiots before condemning them as such. ;))

Anyhow, instead of thinking of the absolute amount that you "lost"... think of the percentage decrease/increase in your investments. The recent few years have spoiled the average investor - the average rate of return over the past few decades has been less than 10% per year.

[Loosah]

Bottom line is, you should not be investing money in the stock market that you are going to need fast access to.

Don't sell things off in a panic.

My husband and I have quite a bit of money tied up in mutual funds and individual stocks. Some of my mutual funds are down quite a bit, others not too much at all. It helps if you have your money well diversified, and you dollar cost average over the long haul.

I have been investing for about 12 years and have seen this happen so many times (this does seem a bit worse), and every time I sold in a panic I came to regret it later. So I am looking at what my broker calls bargains and buying.

[stupidzbu]

graduating spring 2002 with a chemistry, biology, and poli sci bachelors degree along with a specialization in biochemistry...

total of 268 units, 189 completed so far. this is my third year in college. Finished 109 quarter units in one year at santa monica community college with some help from AP classes..

i'll grant you bush is still relatively new at everything, but he is already doomed. if the economy doesn't pick up, he won't get reelected. I believe it was Polk who ate the economy crisis that jackson caused when he crusaded to put the central bank out of commission... it was Jackson's actions that caused th economy to cour, but Polk was in office, so he was blamed historically (i THINK it was Polk.. not sure though)

selling is a BIG BIG no no here.... I bought shares of an interenational ISP... PSINET (ticker: PSIX).. in a HUGE bet that it would recover... the stocks dropped from $62 a share in march 2000 to $.63 a share november 2000. GOIng into 2001 it did a 700% increase ntil it hit $4.20. thats when the shorts started... a couple of minutes after it hit $4.20 it dropped down to $2.75

i was gambling on speculation of a not-so-bad FY Q4 00 and FY Q1 01... and hopefully a merger or buyout anouncement. THey still haven't posted earnings, but told the market that they might default in loans. THey have $300 million effective.. and at this rate can only last until the end of 2001...

the company straight out said "our common stock will probably not be worth the paper it is written on!" dropping the stock from 80 cents to 12 cents during my FIRST FINAL! DOH!!

i have 1675 shares at an average price of $2.50 and i'm scared shitless to put any more money into the damn thing! it would be GREAT to buy more now, cause it's so damn cheap! BUT... if they go bankrupt.. thats money I *could* have saved!


and there was an AMAZING rally near the closing bell! RALLY TOMORROW! YAY!

[helius]

Well, like you put it... "huge bet".

Easy come, easy go. :P